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#Business ID: 14213

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Night Club Nets $ 475k/Yr working very short hours

Business Location: Ft. Lauderdale, Florida, United States

Asking Price: $ 985,000 Revenue: $ 1,600,000 Cash Flow: $ 475,000

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

Grossing over $ 30,000 a week only open Thursday, Fri. & Saturday from 8:00 PM to 4:00 AM most of the year - two disc jockeys catering to separate clientele. 12 bartenders, 2 shot girls - 3 to 4 security - bldg is at the Riverfront and Arts Area of Ft. Lauderdale, Catering to a young and upwardly mobile crowd who are not afraid to spend $ 600 for a bottle of Champagne. Payroll runs $ 3,000 a week and Insurance is $ 30,000 per year. Bulk of the cash receipts come between midnight and 4:00 AM on the three nights, those 12 hours are the critical hours of operation. The premises are occasionally rented out for private parties at between $ 2,000 and $ 7,000 per night. Please call Bill Ciano of C21 Tenace RE at 943-340-8766 for more information or to schedule an appointment to see the business.

Property Details

Years Established:

1994

FF&E:

$ 300,000

Inventory Value:

$ 20,000

Other Business Details

Premise Details:

Club is 6,000 sq. ft. - rent is $ 17,000 per month with nine years left on the lease. State of the art sound system and lighting systems. Decor is very 'Art Deco' to conform to the very upscale crowd the club attracts.

Competition:

The business is located in the hottest area of Ft. Lauderdale, on the Riverfront. This is the 'Go-to' Place for the upwardly mobile young crowd in Ft. Lauderdale and surrounding areas.

Expansion Potential:

The business only runs three or four days a week except for Spring Break and special occasions. An ambitious owner could do many things in the other four nights plus could open for cocktail hour traffic..

Business Operation Details

Employees:

18

Support & Training:

Seller will stay for a period of time to help with the transition but all the help will stay. This business is run mostly absentee.

Miscellaneous Details

Reason For Selling:

Indian Seller is moving on to huge real estate deals in India. .

Contact this seller

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